PT. Equityworld Futures - China™s
stock-index futures fell after an official manufacturing gauge signaled
the first contraction in more than two years and China Minsheng Banking
Corp. President Mao Xiaofeng resigned amid a media report that he is
being investigated by authorities.
Futures
on the CSI 300 Index expiring in February declined 2.5 percent to 3,370
as of 9:17 a.m. The Shanghai Composite Index slid 1.6 percent to
3,210.36 on Jan. 30, extending last week™s loss to 4.2 percent, the most
since December 2013, amid concern regulatory scrutiny of margin lending
and tepid economic growth will curb the benchmark index™s world-beating
rally.
China™s
outstanding margin debt dropped for the first time in eight days on
Jan. 30 in Shanghai, according to data from the city™s bourse. It
dropped 0.5 percent to 773.98 billion yuan ($123 billion) from a record
777.6 billion yuan on Jan. 29.
Hong
Kong™s Hang Seng China Enterprises Index fell 0.1 percent on Jan. 30,
taking last week™s decline to 4.4 percent. The CSI 300 Index slipped 1.4
percent, while the Hang Seng Index dropped 0.4 percent. The Bloomberg
China-US Equity Index, the measure of the most-traded U.S.-listed
Chinese companies, retreated 1.6 percent in New York.
The
government™s Purchasing Managers™ Index fell to 49.8 last month from
50.1 in December, missing the median estimate of 50.2 in a Bloomberg
survey of analysts and below the 50 level separating expansion and
contraction.
Sumber : ewfpro.com
